Do you need to be a company to get a license to export from India?

Do you need to be a company to get a license to export from India?

No, Import trade permit can be allocated to any type of business. It isn't compulsory to be a private constrained organization to apply for import send out business.

Further, IEC code is a 10 digit number dispensed by the administration office i.e. DGFT. IEC code can be connected by any type of business including organization firm, proprietorship, one individual Company, Private Company, LLP and so forth.

As it were, IEC code can be designated to the accompanying type of business

Sole Proprietorship

Association

Restricted risk association

Private Limited Company

Open Limited Company

Hindu unified family

Put stock in/Society/Section 8 Companies

Some other frame like AOP, BOI

Archives Required and Cost

The IEC procedure has been disentangled to the considerable degree. Presently, the legislature has decreased the records necessity from set of 8 archives to just 4. Presently, just four obligatory archives are required to get an IEC in India. Further, government cost is just INR 500. the lower government cost additionally adds to one of its highlights.

Henceforth, you needn't bother with a private constrained organization to begin the import send out organizations.

Enlist here for Import send out Code online from anyplace in India

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